Financial services giant Prudential slashes Kirby stake in profitable sell-off
Sale came with tank-barge owner’s stock in record territory
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May 2026
India-Flagged Cargo Vessel Sinks Off Coast of Oman After Suspected Attack
India said on Thursday that an Indian-flagged wooden cargo vessel had sunk while sailing through Omani waters following a fire from a suspected drone or missile strike.The vessel is the second to have been sunk in the region since the Iran conflict beg…
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US Import Costs Rise in April, Fuel Sees Biggest Gain in Four Years
U.S. import prices surged in April, with the cost of fuels posting the largest increase in four years, another indication that the U.S.-backed war with Iran was boosting inflation.Import prices increased 1.9% last month after an upwardly revised 0.9% r…
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Malaysia Seeks Compensation From Scrapped Norwegian Defense Deal
Malaysia’s defence minister said on Thursday the country planned to claim compensation and was considering legal action over Norway’s decision to revoke export approvals for a naval strike missile (NSM) system intended for Malaysian combat ships.In an …
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FMC Opens Applications for New NSAC Members
The Federal Maritime Commission is seeking applications for new members for the National Shipper Advisory Committee (NSAC).NSAC is a federal advisory committee that provides information, insight, and expertise pertaining to conditions in the ocean frei…
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